Boston Omaha (NYSE:BOC) Shares Down 0.9% – What’s Next?

Shares of Boston Omaha Corporation (NYSE:BOC) were down 0.9% during mid-day trading on Wednesday . The stock traded as low as $12.23 and last traded at $12.24. Approximately 137,340 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 148,555 shares. The stock had previously closed at $12.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Boston Omaha in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

Boston Omaha Stock Down 0.9%

The business’s 50-day moving average price is $12.58 and its 200 day moving average price is $12.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.07 and a quick ratio of 2.07.

Institutional Trading of Boston Omaha

Institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV bought a new position in shares of Boston Omaha during the 4th quarter worth approximately $125,000. Susquehanna Portfolio Strategies LLC lifted its holdings in Boston Omaha by 106.1% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 35,069 shares of the company’s stock valued at $434,000 after purchasing an additional 18,055 shares during the last quarter. Millennium Management LLC boosted its position in Boston Omaha by 110.3% during the fourth quarter. Millennium Management LLC now owns 41,101 shares of the company’s stock worth $508,000 after purchasing an additional 21,556 shares during the period. First Manhattan CO. LLC. bought a new position in Boston Omaha during the fourth quarter worth $4,131,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Boston Omaha in the fourth quarter valued at $243,000. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Company Profile

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.